Ad-hoc | 5 September 2011 17:05
Quanmax AG / Key word(s): Acquisition
05.09.2011 17:05
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Together with grosso Holding GmbH (Vienna) as a financial partner, the
management of Quanmax AG (Linz) has signed a term sheet today for
subscribing to about 80 percent stake in S&T AG (Vienna).
The term sheet defines the conditions of entry into S&T as part of a
capital increase as well as the restructuring of financial liabilities. The
transaction is subject to conditions that include the consent of the S&T
shareholders, the consent of the necessary committees and Monopolies and
Mergers Commissions as well as the granting of restructuring privilege by
the Acquisition Commission.
The entry into S&T is an important step for Quanmax in implementing the
planned expansion into the East. S&T AG is already active in nine East
European countries as a well known IT solutions provider and can access the
entire Quanmax range of products in the future. Quanmax assumes that S&T
will break even in 2012 because of the extensive synergies.
05.09.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Quanmax AG
Industriezeile 35
4021 Linz
Austria
Phone: +43 (732) 7664 - 0
Fax: +43 (732) 7664 - 801
E-mail: ir@quanmax.ag
Internet: www.quanmax.ag
ISIN: AT0000A0E9W5
WKN: A0X9EJ
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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